Are you living under a rock? India and China have drastically increased their use of fossil fuels, and the supply has remained static.
There are more straws in the same bowl. Got it?
Thank God China isn't involved in US politics, and are free to drill off the coast of Florida in Cuban waters. US companies were invited to bid on oil leases, but we have regulations about doing business with Cuba.
Regarding the Saudi's - oil expert's opinions is that they are tapped out, and production is declining. They see the end of their fortunes in several years, but an end none the less.
They cannot really boost output. Saying "no" is diplomatic speak.
The Democrats have a peculiar style of diplomacy, don't they?
Russia would love to supply them and heal the rift caused by Reagan when he made a deal with the Saudi's to drop the price of oil to the floor. This added one more huge burden on the already overburdened back of the USSR who was exporting oil as the only dependable export!